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Politics : Formerly About Advanced Micro Devices
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To: puborectalis who wrote (970504)10/6/2016 11:16:30 AM
From: locogringo1 Recommendation   of 1577200
 
Networks Ignore 43% Drop In Economic Growth Estimate

There was major negative economic news on Oct. 4, when the International Monetary Fund released its latest World Economic Outlook, but the broadcast networks paid no attention that night. The group issued new estimates for global economic growth and particular countries. Bloomberg reported that “forecasts for U.S. growth were cut to 1.6 percent this year and 2.2 percent in 2017.”

That’s a 43 percent drop from the IMF’s forecast just one year earlier (October 2015) when it estimated the U.S. would grow at a 2.8 percent rate in 2016. The IMF downgraded its economic predictions each quarter this year.
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